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Full-Text Articles in Business
Constructive Solution Methodologies To The Capacitated Newsvendor Problem And Surrogate Extension, Pinyuan Shan
Constructive Solution Methodologies To The Capacitated Newsvendor Problem And Surrogate Extension, Pinyuan Shan
Dissertations
The newsvendor problem is a single-period stochastic model used to determine the order quantity of perishable product that maximizes/minimizes the profit/cost of the vendor under uncertain demand. The goal is to fmd an initial order quantity that can offset the impact of backlog or shortage caused by mismatch between the procurement amount and uncertain demand. If there are multiple products and substitution between them is feasible, overstocking and understocking can be further reduced and hence, the vendor's overall profit is improved compared to the standard problem. When there are one or more resource constraints, such as budget, volume or weight, …
Identifying Sources Of Covid19 Pandemic Supply Chain Fragility, Clovia Hamilton
Identifying Sources Of Covid19 Pandemic Supply Chain Fragility, Clovia Hamilton
Technology & Society Faculty Publications
Supply chain management is in the industrial engineering management and operations management disciplines. It involves product procurement of raw materials, production, storage, distribution, wholesales, and retail sales. The COVID19 pandemic has the added challenge of healthcare service operations management. This paper is a bibliometric study of the COVID19 supply chain fragility problem. In February 2021, the United States’ President called for a review of the pandemic related supply chain for vaccines, personal protective equipment (PPE), medical equipment such as ventilators, and food. This study involves a search for references published between January 1, 2020 and April 30, 2021. It reveals …